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Annual US worker pay gains rose at fastest pace since 2008

Discussion in 'Current Events' started by camp_steveo, Aug 1, 2018.

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  1. US Conservative

    US Conservative Well-Known Member Past Donor

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    I know mine have.
     
    US Conservative, Aug 1, 2018
    #26
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  2. KJohnson

    KJohnson Well-Known Member

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    Great post..thx! :applause::cheerleader:
     
    Last edited: Aug 1, 2018
    KJohnson, Aug 1, 2018
    #27
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  3. KJohnson

    KJohnson Well-Known Member

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    Well silly, you have to get off the couch and get a job to see it.. he didn't raise food stamps and welfare.
     
    Last edited: Aug 1, 2018
    KJohnson, Aug 1, 2018
    #28
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  4. Borat

    Borat Banned

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    LOL dude, this is sad, if you can't get a raise and a bonus in today's software market, you must be making way too many bugs. :D The good thing is, even your job comes with lower taxes now, all thanks to Trump and us, his supporters who elected him. You are welcome. ;)

    I've personally interviewed countless Java, JavaScript, C# developers in the last 5 years for $150K+ full time or $100/hr consulting jobs and we've been having huge problems finding even semi-qualified candidates....and those who were semi-qualified are getting 3-5 offers in a matter of a few weeks. Do try Home Depot or Trump University if US software development market is not good enough for you :D
     
    Last edited: Aug 1, 2018
    Borat, Aug 1, 2018
    #29
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  5. ronv

    ronv Well-Known Member

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    Neither have the majority of people.
    The dreaded I word is coming back. So the best the pay has managed is a break even.

    But you have to admit it's kind of fun to see them so excited. Kind of like opening a Christmas present and finding a chunk of coal. :)

    I have to admit I thought something good would happen when Trump pumped all the borrowed money into the economy and gave the billions to the corporations for repatriation.

    With the trade wars inflation will be the thing to watch - not wages.

    upload_2018-8-1_19-6-51.png
     
    ronv, Aug 1, 2018
    #30
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  6. Mr_Truth

    Mr_Truth Well-Known Member

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    my Social Security check sure hasn't kept up with inflation thanks to Trump - I guess that's what that idiot calls ''success''
     
    Mr_Truth, Aug 1, 2018
    #31
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  7. Zorro

    Zorro Well-Known Member

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    Actually, it is.

    [​IMG]

    In Trump's first 17 months as President, real personal income has risen 3.7%
    During Obama-The-Unfortunate's final 17 months, RPI only rose 2.2%

    Trump's rate of increase is 69% higher than Obama-The-Unlucky, but, let's not get too hung up on who gets the credit, let's just be happy for the American People!
     
    Zorro, Aug 1, 2018
    #32
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  8. Zorro

    Zorro Well-Known Member

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    Zorro, Aug 1, 2018
    #33
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  9. ronv

    ronv Well-Known Member

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    Oh, I thought we were talking about wages...…

    Well golly. We are.

    You might want to start a new thread for personal income. It might make a better discussion for the righties than wages.

     
    ronv, Aug 1, 2018
    #34
  10. Zorro

    Zorro Well-Known Member

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    I'm just happy for the American People that inflation adjusted income is up 69% under Trump!

    Still not tired of winning!
     
    Last edited: Aug 1, 2018
    Zorro, Aug 1, 2018
    #35
  11. AtsamattaU

    AtsamattaU Well-Known Member

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    AtsamattaU, Aug 1, 2018
    #36
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  12. Mr_Truth

    Mr_Truth Well-Known Member

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    Mr_Truth, Aug 1, 2018
    #37
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  13. Zorro

    Zorro Well-Known Member

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    Zorro, Aug 1, 2018
    #38
  14. Zorro

    Zorro Well-Known Member

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    You are the one trying to blame Trump for a formula that was fixed in 1972, Silly!
     
    Zorro, Aug 1, 2018
    #39
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  15. ronv

    ronv Well-Known Member

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    That chart is personal income which includes investments in addition to wages.
    So of course it is skewed towards the highest incomes.
    So if your trying to say the rich are getting richer we all knew that. That's what the tax cuts were all about.
     
    ronv, Aug 1, 2018
    #40
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  16. 61falcon

    61falcon Well-Known Member

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    Just announced today due to poor release of information regarding the tax cuts, employers have been under deducting taxes from at least 20% of American workers since the beginning of the year.This will result in a very significant number of them OWING when they file their 2018 tax returns next year.
     
    61falcon, Aug 1, 2018
    #41
  17. Zorro

    Zorro Well-Known Member

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    I see evidence indicating that may not be the case. It looks like the added income is being added below the Median as well as above the Median line.

    [​IMG]

    The numbers on food stamps is falling, which is what you would expect if they are getting jobs and the jobs are paying more.

    Too soon to know for sure, but, I think we may be seeing more broad-based gains than we have seen in a very long time, certainly the demand for entry level workers is as strong as it has been in a very long time.
     
    Last edited: Aug 1, 2018
    Zorro, Aug 1, 2018
    #42
  18. ronv

    ronv Well-Known Member

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    You are trying to compare apples to oranges.
     
    ronv, Aug 1, 2018
    #43
  19. Denizen

    Denizen Well-Known Member

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    Wealthy people were getting food stamps and are now relinquishing that benefit?
     
    Denizen, Aug 1, 2018
    #44
  20. Zorro

    Zorro Well-Known Member

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    Well, it's too early for certainty, but it looks to me like a lot of folks who were on the Social Network are moving into paid entry level positions.
     
    Last edited: Aug 1, 2018
    Zorro, Aug 1, 2018
    #45
  21. Distraff

    Distraff Well-Known Member

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    Well the inflation rate for 2018 is 2.9%, and wage growth is 2.8% so sounds like a pay reduction to me. Wages used to grow by 4-5% under Clinton. Lets bring that back.
    https://www.usinflationcalculator.com/inflation/current-inflation-rates/
     
    Distraff, Aug 2, 2018
    #46
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  22. US Conservative

    US Conservative Well-Known Member Past Donor

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    US Conservative, Aug 2, 2018
    #47
  23. ronv

    ronv Well-Known Member

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    Is this the W4 problem?
     
    ronv, Aug 2, 2018
    #48
  24. ronv

    ronv Well-Known Member

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    Bush's crash. :)
     
    ronv, Aug 2, 2018
    #49
  25. Distraff

    Distraff Well-Known Member

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    Well, even under Bush we had 3-4% wage growth and under Trump its only 2.8% and can't keep up with inflation. Under Obama we had similar wage growth than Trump since 2014. I don't define no growth in real dollars as "winning." Do you? Trump is just Obama 2.0.
     
    Distraff, Aug 2, 2018
    #50
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